Friends' blogs
Long AUD/NZD
AUD/NZD is consolidating above 1.1950 after a break of the trendline that had guided it lower from the 1.27 highs. The RSI is looking constructive after a break above the oversold levels. I am long from 1.1985 with stops below 1.1950 and targets...
USD/JPY Bull Flag
USD/JPY has set up a bull flag consolidation pattern. I will be looking to buy a break and retest of the consolidation channel for targets of 103 and 105. Good luck trading.
Looking to Long GBP/CHF
GBP/CHF has broken above the parallel channel that had guided it lower from the 1.55 highs. The pair should continue higher from current levels with targets above 1.50. We will be looking to buy any pullbacks to the 1.4650-1.46 region with stops...
Long AUD/CAD
AUD/CAD seems to be forming a higher low ahead of the 1.03 level. The pair has broken out of its parallel channel resistance and seems set to move higher. The RSI is also confirming the same. I am long from 1.0320 with stops below 1.03 and targets...
AUD/CAD
AUD/CAD has achieved the projected target from its double top pattern which was shown in last week's report. It is approaching strong support in the 1.04 region. I will be looking for signs of stabilization in this region to go long for a move...
Long EUR/CAD
EUR/CAD seems to be finding support at the 50% Fibonacci retracement of the recent rise and trend line support in the 1.3240 region. The RSI is also showing divergence indicating a short term bounce may be near. I am long from 13248 with stops below...
AUD/JPY
By Luv Sharma 24 days agoCategories: Forex
AUD/JPY is confirming a break above its double bottom pattern. Projected targets are in the 101.90-102 region. Good luck trading
GBP/USD
By Luv Sharma 29 days agoCategories: Forex
GBP/USD is still holding on to the 1.52 support and trendlie that has guided it higher from the yearly lows. The pattern remains constructive as long as the price remains above the indicated trendline.
Looking to Long NZD/USD
NZD/USD seems to be finding support ahead of the 61.8% retracement of the recent rally. I will be looking to establish longs on a break and retest of the indicated trend line with stops below 0.8420 and targets above 0.8510. Good luck trading.
NZD/CHF Pattern
NZD/CHF seems to be testing important support in the 0.78 region. This is horizontal and trendline support. If price shows signs of stabilization here i will initiate longs with targets of 0.79. Good luck trading.